Market Overview for TrueUSD/Tether (TUSDUSDT): October 30, 2025

• Price consolidates near 0.9969 with muted volatility.
• Volume peaks at 35902 on 2025-10-30 04:30 ET, but price action remains flat.
• Bollinger Bands narrow during early morning hours, signaling potential for a breakout.
• RSI hovers near mid-range, suggesting balanced momentum between buyers and sellers.

The TrueUSD/Tether (TUSDUSDT) pair opened at 0.997 on October 29 at 12:00 ET and reached a high of 0.9971 before settling at 0.9966 by the close on October 30 at 12:00 ET. The 24-hour low was 0.9955. Total volume amounted to 197,548, while notional turnover was approximately $97,836. Price action remained tightly clustered around 0.9968–0.9970, with no clear directional bias.

Support appears to have held at 0.9966–0.9968 for much of the session, with repeated retests failing to break below. Resistance at 0.9971 was briefly touched but not sustained. No strong candlestick patterns emerged, although a few attempts at bullish momentum, such as higher highs followed by smaller shadows, suggested minor buying pressure late in the day. The lack of large-volume surges beyond 0.9971 suggests limited conviction in either direction.

Moving averages on the 15-minute chart showed the 20-period line above the 50-period, indicating a slightly bullish bias. On the daily chart, the 50-day MA was flat near 0.9969, while the 200-day MA remained stable, suggesting no strong reversal signals. MACD remained neutral throughout the session, with no clear divergence in momentum. RSI fluctuated between 48 and 52, indicating a balanced market with no overbought or oversold readings.

Bollinger Bands experienced a moderate contraction in the early hours, particularly between 02:00 and 04:00 ET, which could precede a breakout. Price remained in the upper half of the band during much of the session, suggesting a slight preference for sellers. Fibonacci retracements drawn from the 24-hour swing showed 0.9968 as a potential 61.8% level, and 0.9966 as a 78.6% level—both of which were tested without clear follow-through.

The pair is in a tight range, with key levels at 0.9966–0.9968 acting as a floor and 0.9971 as a ceiling. A break above 0.9971 could spark a short-term rally, but the lack of volume suggests traders may need a catalyst to commit. Conversely, a break below 0.9966 could signal deeper consolidation. Investors should watch for expansion in Bollinger Bands or a shift in MACD as potential early signals.

Backtest Hypothesis

The proposed backtesting strategy involves scanning TUSDUSDT’s candlestick chart for “Bullish Engulfing” patterns, which occur when a large bullish candle follows a smaller bearish one, potentially signaling a reversal. However, the system currently cannot identify such patterns due to the data source not recognizing the TUSDUSDT pair. Once the data issue is resolved or an alternative data feed is utilized, a backtest can be conducted using these signal dates to evaluate the effectiveness of a 1-day holding strategy. In the absence of this data, manual intervention or an alternate stablecoin pair would be necessary to proceed.